Equity release scheme benefits

Posted in Equity Release Video News

23rd August 2010

People over the age of 55 could benefit from an equity release scheme, as a new report shows that many councils are likely to struggle to meet the needs of the elderly.

According to research by annuity providers Partnership, some areas of the UK will have an extremely high concentration of pensioners by the year 2030, potentially leading to 'retirement ghettos'.

The study warned that this could lead to a vicious circle of rising costs and rising taxes which could further encourage younger people to leave.

If you're worried about having enough money to enjoy your retirement then an equity release scheme may be the answer.

By unlocking the value in your home, an equity release scheme could provide a boost to your annual income, as well as a useful cash lump sum.

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